EIGEN: OKX → Hyperliquid

Long on the venue with the lower rate, short on the venue with the higher one. Income comes from the rate difference; price exposure cancels out.

Spread

+16%

APR right now

Price gap

+0.125%

between legs

Average spread

+17%

over 24h from our own samples

Over 7 days

+17%

samples: 119

OKXLONG

Bid / ask0.2403 / 0.2404

Mark price0.2404

Volume 24h$4.96M

Open interest$1.61M

Rate+0.0050%

APR+11%

Interval / next payout4h / 1h 33m

OKX

HyperliquidSHORT

Bid / ask0.2407 / 0.2413

Mark price0.241

Volume 24h$1.65M

Open interest$4.72M

Rate+0.0031%

APR+27%

Interval / next payout1h / 33m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 79% APR, 119 samples

The rate can flip at any moment, and then the position starts costing money. Size is limited by the weaker leg, and entry and exit both pay fees on two venues. Not financial advice.